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Wed 26 Nov 2008, 9:07 CZA - Coal of Africa Limited - Dealing in securities by an associate of a
CZA
CZA                                                                             
CZA - Coal of Africa Limited - Dealing in securities by an associate of a       
director                                                                        
Coal of Africa Limited                                                          
(previously, "GVM Metals Limited")                                              
(Incorporated and registered in Australia)                                      
(Registration number ABN 008 905 388)                                           
Share code on the JSE Limited: CZA                                              
ISIN AU000000CZA6                                                               
Share code on the Australian Stock Exchange Limited: CZA                        
ISIN AU000000CZA6                                                               
(`CoAL` or `the Company`)                                                       
24 November 2008                                                                
DEALING IN SECURITIES BY AN ASSOCIATE OF A DIRECTOR                             
In compliance with paragraphs 3.63 to 3.74 of the JSE Limited Listings          
Requirements, the following information is disclosed:                           
Name of director:                  Richard Linnell                              
Designation:                       Director                                     
Date of transaction:               17 November 2008                             
Number of securities:              5,689                                        
Class of securities:               Ordinary shares                              
Share price consideration:         R6.20 per share                              
Value of transaction:              R35,573.57                                   
Nature of transaction:             Purchase by Ms. Carey Linnell, daughter of   
Richard Linnell.                              
Nature of director`s interest:     None                                         
Clearance to deal obtained:        Not Applicable                               
Name of director:                  Richard Linnell                              
Designation:                       Director                                     
Date of transaction:               29 October 2008                              
Number of securities:              7,600                                        
Class of securities:               Ordinary shares                              
Share price consideration:         R6.20 per share                              
Value of transaction:              R47,518.95                                   
Nature of transaction:             Purchase by Ms. Carey Linnell, daughter of   
                                  Richard Linnell.                              
Nature of director`s interest:     None                                         
Clearance to deal obtained:        Not Applicable                               
Yours sincerely                                                                 
SIMON J FARRELL                                                                 
Managing Director                                                               
For more information contact:                                                   
Simon Farrell, Managing Director                                                
CZA                           +61 417 985 383 or +61 8 9322 6776                
Petronella Gorrie                                                               
The Event Shop                +27 82 827 8815                                   
Jos Simson/ Gareth Tredway                                                      
Conduit PR                    +44(0) 20 7429 6603                               
Olly Cairns / Romil Patel                                                       
Blue Oar Securities Plc       +61 8 6430 1631/ +44(0) 20 7448 4400              
About CoAL:                                                                     
Coal of Africa Limited ("CoAL") is primarily focused on the acquisition,        
exploration and development of thermal and metallurgical coal projects.  The    
Company`s key projects, along with its leading metals processing company NiMag  
Group (Pty) Ltd are in South Africa. The Company was incorporated in Western    
Australia and listed in 1980.  Since 2005, the Company has also listed on both  
the AIM and JSE markets, allowing further growth in the Company`s coal assets.  
Sponsor                                                                         
PricewaterhouseCoopers Corporate Finance (Pty) Ltd                              
Date: 26/11/2008 09:07:16 Produced by the JSE SENS Department.                  
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